Importance of Study Business

Topics: Management, Balance sheet, Business Pages: 2 (533 words) Published: August 10, 2010
Importance of Studying Business

Course Details:
Course Title: Introduction to Business
Course Code: BUS-113

Prepared for:
Md. Ridwan Reza
Department of Business Administration
Leading University, Sylhet.

Prepared By:

Md. Mamdud Hussen
I.D no- 0701010079
15th Batch,
Department of Business Administration
Leading University, Sylhet.

Date of submission: October, 17. 2009

A business (also called a firm or enterprise) is a legally recognized organization designed to provide goods and services to consumers. The etymology of "business" relates to the state of being busy either as an individual or society as a whole, doing commercially viable and profitable work. Businesses are predominant in capitalist economies, most being privately owned and formed to earn profit that will increase the wealth of its owners and grow the business itself. The owners and operators of a business have as one of their main objectives the receipt or generation of a financial return in exchange for work and acceptance of risk. Notable exceptions include cooperative enterprises and state-owned enterprises. Socialist systems involve either government agencies, public ownership, state-ownership or direct worker ownership of enterprises and assets that would be run as businesses in a capitalist economy. The distinction between these institutions and a business is that socialist institutions often have alternative or additional goals aside from maximizing or turning a profit. Business studies as a line of study is growing in popularity every day. From the time when it was just a few who started to pursue in this line of study, business colleges are now becoming a favoured destination for students. As we go through the tenure of a course in business studies, we will be exposed to every aspect of the corporate world. The course will start with teaching us the main functions...
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